Page 1 Chase Manhattan Auto Owner Trust 2003-C Statement to Certificateholders January 18, 2005 DISTRIBUTION IN DOLLARS CLASS ORIGINAL BEGINNING PRINCIPAL INTEREST TOTAL REALIZED DEFERRED ENDING FACE PRINCIPAL LOSSES INTEREST PRINCIPAL VALUE BALANCE BALANCE A1 212,000,000.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 A2 286,000,000.00 165,676,126.41 25,346,040.56 220,901.50 25,566,942.06 0.00 0.00 140,330,085.85 A3 234,000,000.00 234,000,000.00 0.00 440,700.00 440,700.00 0.00 0.00 234,000,000.00 A4 243,000,000.00 243,000,000.00 0.00 595,350.00 595,350.00 0.00 0.00 243,000,000.00 CERT 25,000,000.00 25,000,000.00 0.00 57,916.67 57,916.67 0.00 0.00 25,000,000.00 TOTALS 1,000,000,000.00 667,676,126.41 25,346,040.56 1,314,868.17 26,660,908.73 0.00 0.00 642,330,085.85 FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THRU RATE CLASS CUSIP BEGINNING PRINCIPAL INTEREST TOTAL ENDING CLASS CURRENT PRINCIPAL PRINCIPAL PASS-THRU RATE A1 161581D86 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 A1 1.140000 % A2 161581DC4 579.28715528 88.62251944 0.77238287 89.39490231 490.66463584 A2 1.600000 % A3 161581DD2 1,000.00000000 0.00000000 1.88333333 1.88333333 1,000.00000000 A3 2.260000 % A4 161581DEO 1,000.00000000 0.00000000 2.45000000 2.45000000 1,000.00000000 A4 2.940000 % CERT 161581DF7 1,000.00000000 0.00000000 2.31666680 2.31666680 1,000.00000000 CERT 2.780000 % TOTALS 667.67612641 25.34604056 1.31486817 26.66090873 642.33008585 IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE ADMINISTRATOR LISTED BELOW: Kelly M Crosson JPMorgan Chase Bank, N.A. - Structured Finance Services 4 NY Plaza, 6th floor New York, New York 10004 Tel: (212) 623-5439 / Fax: (212) 623-5932 Email: kelly.crosson@jpmorgan.com Copyright (C) 2001 J.P. Morgan Chase & Co. All rights reserved. Page 2 Chase Manhattan Auto Owner Trust 2003-C January 18, 2005 STATEMENT TO CERTIFICATEHOLDERS Due Period 13 Due Period Beginning Date 12/01/04 Due Period End Date 12/31/04 Determination Date 01/10/05 Section 5.8(iii) Servicing Fee 556,396.77 Section 5.8(iii) Servicing Fee per $1000 0.55639677 Section 5.8(iv) Administration Fee 1,000.00 Section 5.8(iv) Administration Fee per $1000 0.00100000 Section 5.8(vi) Pool Balance at the end of the Collection Period 642,330,085.88 Section 5.8(vii) Repurchase Amounts for Repurchased Receivable By Seller 0.00 By Servicer 0.00 TOTAL 0.00 Section 5.8(viii) Realized Net Losses for Collection Period 227,395.85 Section 5.8(ix) Reserve Account Balance after Disbursement 14,452,426.93 Section 5.8(x) Specified Reserve Account Balance 14,452,426.93 Section 5.8(xi) Yield Supplement Account Balance 1,474,066.34 Section 5.8(xii) Total Distribution Amount 28,261,815.30 Servicing Fee 556,396.77 Administration Fee 1,000.00 Noteholders Distribution Amount 26,602,992.06 Certficateholders Distribution Amount 57,916.67 Deposit to Reserve Account 1,043,509.80 Copyright (C) 2001 J.P. Morgan Chase & Co. All rights reserved.